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Flat 1, 10 Rosemary Road, Clacton-on-Sea, Essex, CO15 1NX

Sold for £57,000
17.4% yield at low guide... Clacton tenanted investment

Property Details

Description

In the vibrant Clacton-on-Sea area, this tenanted investment opportunity presents a refurbished, ground-floor one-bedroom apartment. The property, ideally situated close to the town centre, features a charming courtyard-style garden, offering a private outdoor space The apartment, already tenanted at £725 pcm, represents a very high-yielding return, making it an attractive option for investors seeking immediate income. Its proximity to town amenities, coupled with the recent refurbishment, ensures a desirable living space for tenants and a valuable asset for the potential new landlord. This investment is especially appealing for those looking to expand their portfolio in a sought-after seaside location. Viewing is recommended to appreciate the full potential.

Key Features

  • CLACTON-ON-SEA
  • GROUND-FLOOR FLAT
  • 1 BEDROOM
  • TOWN CLOSE
  • COURTYARD GARDEN
  • £775 PCM RENT
  • HIGH YIELD
  • SEASIDE INVESTMENT
Tenure

Leasehold

EPC

C

Viewing

Sat 25 Nov 12:00 - 13:00

(10 Minute viewing slots
MUST be pre-booked)

Solicitors

Mrs Karen Healy
Fisher Jones Greenwood LLP
73 Station Road
Clacton-on-Sea
CO15 1SD

Tenancy

AST from June 23'

Current Yield.

£725 pcm / £8,700 pa

Location

Flat 1, 10 Rosemary Road, Clacton-on-Sea, Essex, CO15 1NX

*Guide prices are provided as an indication of a vendor’s minimum expectation and the level at which the reserve is set. Properties may not always sell within this guide and this figure may change at any time prior to the auction. The sale price will be dependent upon bidding in the auction room and on the Vendors’ instructions.

Reserve Price Each property will be sold subject to a reserve price, which will be set within, or below, the guide price range or no more than 10% above a single figure guide. This is a confidential figure set between the Vendor and the Auctioneer and is a figure below which the Auctioneer cannot sell the property.

Additional Fees All buyers are liable to pay an Administration Charge of £1,200 inclusive of VAT. Other fees disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.